Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target
TD Cowen expects Strive (ASST) to end 2026 with 27,156 BTC, nearly 4,300 more bitcoin than previously forecast.
The 41,252.1 BTC CME position dwarfs Coinbase's 151.62 BTC residual, while any hedge leg could offset a squeeze.
The largest cryptocurrency is on track for its best month since 2017, holding above $78,000 even as a hawkish Fed and renewed Middle East conflict drag on stocks and lift crude.
August 31, 2026, 4:55 pmBitcoin is on track to log its best August performance since 2017, demonstrating remarkable resilience against back-to-back macro shocks as escalating US-Iran hostilities and a hawkish pivot from the Federal Reserve test the durability of the digital-asset rebound.
August 31, 2026, 3:50 pmTD Cowen expects Strive (ASST) to end 2026 with 27,156 BTC, nearly 4,300 more bitcoin than previously forecast.
Strive’s latest Bitcoin purchase lifted its holdings to 23,156 BTC, making it the fifth-largest publicly traded corporate holder as crypto markets rebound.
The stablecoin market's growth amid declining DEX volumes and corporate Bitcoin accumulation suggests shifting investment strategies.
Strive (NASDAQ: ASST) has now jumped to the fifth spot among publicly traded corporate Bitcoin holders, leapfrogging Bullish (NYSE: BLSH) after a 1,800 token accumulation week pushed the firm’s stack to 23,156 BTC worth roughly $1.8 billion as of August 31.
Strategy bought 4,603 BTC for $369.7 million, raising total holdings to 845,050 BTC worth over $66 billion.
Bitcoin (BTC) and gold have both given back much of last week’s gains. The two assets had climbed in step through August as investors piled into the debasement trade. However, Federal Reserve Chairman Kevin Warsh’s Jackson Hole speech on Friday broke that run.
Charles Schwab is expanding its crypto platform beyond Bitcoin and Ethereum, adding support for Solana, Avalanche, and Chainlink exposure, according to val...
The shares are already issued and may never be sold, while loan, treasury and cash risks remain.
The 4,603 BTC cost an average of $80,318, some 29% above what the company took for the coins it sold this summer.